SLM Corp.'s Floating-Rate Non-Cumulative Preferred Stock, Series B About To Put More Money In Your Pocket

On 12/3/14, SLM Corp.'s Floating-Rate Non-Cumulative Preferred Stock, Series B, par value $0.20 per share (SLMBP) will trade ex-dividend, for its quarterly dividend of $0.4890, payable on 12/15/14. As a percentage of SLMBP's recent share price of $70.00, this dividend works out to approximately 0.70%, so look for shares of SLMBP to trade 0.70% lower all else being equal when SLMBP shares open for trading on 12/3/14..